Some believe that decentralization requires the entire social network to be on a blockchain. This is unnecessary and even undesirable. Social networks generate petabytes of data every year, which can be very expensive to store on-chain. Blockchains also make it difficult to delete data forever, which is a desirable feature for users. A network... See more

If you're a developer building decentralized applications, you have been faced with uncomfortable tradeoffs in choosing how to manage data. The two available options available have held back Web3 apps:Option 1 has been to use a smart contract (blockchain-based) backend and a static frontend. The downside of this option is that these apps are not... See more

This gets to the other mistake Diehl makes in that article, which, ironically, echoes a similar mistake made by many crypto absolutists: there is no reason why the Metaverse, or any web application for that matter, will be built on the blockchain. Why would you use the world’s slowest database when a centralized one is far more scalable and... See more

This interpretation stands in contrast to the claims that web3 advocates make. They claim that web2 is a centralized mess dominated by technology megacorporations and web3 is now about content ownership. In order to achieve these goals, they must create an entirely new operating model for the web, one built on the blockchain. Blockchain is in... See more

With many crypto startups, there’s an elephant-in-the-room question: “Why does this need to be crypto?” Many web3 companies don’t, in fact, need to be built on web3, and the current iteration of Mad Realities is no different. In theory, Proof of Love could be stitched together with a Kickstarter and a group chat.